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Casino
October 7, 2024
Online Slots Streamer Grim Takes Short Break After Losing $3M in One Night
Online gambling streamer Grim, who goes by GrimzYoutube, says he is taking a short break from streaming after losing $3 million in one night. Gambling Streamer Grim Pauses After $3M Loss on Roobet Grim often plays online slots on the crypto casino Roobet and shows his games on the Kick streaming platform. He told his […]
Industry
October 7, 2024
Study Reveals IRS Faces $1.5B Tax Loss Due to Unreported Gambling Winnings
A fresh study shows that many gamblers not reporting their winnings has led to the IRS missing out on almost $1.5 billion in taxes from 2018 to 2020. TIGTA Report Reveals Major Tax Shortfall as Thousands Fail to Report Gambling Winnings The Treasury Inspector General for Tax Administration (TIGTA) found that thousands of people did […]
Industry
October 4, 2024
Canadian Company Sues Wynn Resorts for Due Diligence Failures
A Canadian company will be taking Wynn Resorts to court for allowing a big time con artist to gamble with stolen money. The plaintiff is seeking damages, alleging that Wynn did not conduct adequate due diligence into the player in question. James Bay: Wynn Did Not Fulfill Its Due Diligence Responsibilities The plaintiff in the […]
Industry
October 4, 2024
JP Morgan Foresees $2.5bn-$5bn Annual Revenue for Bangkok’s IRs
Thailand, a country that strictly bans gambling except for state-controlled horse races and an official state lottery, will soon hit the refresh button in this department thanks to an important preliminary framework from the Parliament endorsed by Prime Minister Srettha Thavisin’s cabinet in April. The daring framework, which included up to five licenses for IRs […]
Business
October 4, 2024
BetMGM Enjoys Strong Progress in Online Gambling
A majority of the US states currently offer sports betting but when it comes to online casino, the number of states where the activity is available is quite low. A total of seven states currently offer legal iGaming but that number may grow in the future in case lawmakers consider benefitting from new revenue-generating activities. […]
Industry
October 4, 2024
Sweden Mulls Possible Tax Reduction to Fight Scourge of Illegal Gambling
Swedish lawmaker Carl Nordblom has suggested that the country may indeed be forced to lower its gambling tax, giving operators more leeway to offer a competitive offer that should, in theory, enable licensed operators to combat the black market. Lawmaker Suggests Government to Renege on Gambling Tax This suggestion comes only a few months after […]
Casino
October 4, 2024
Wichita and Affiliated Tribes to Transition to Solar Power with DOE Grant
The Wichita and Affiliated Tribes have shared their plans to switch to solar energy. They are making this move with the help of a $3.8 million grant from the US Department of Energy (DOE). Solar Project to Save $9M and Power Sugar Creek Casino and Hotel by 2025 This project has an impact on cutting […]
Industry
October 4, 2024
Massachusetts Launches Long-Awaited Problem Gambling Initiative
After delays spanning years, gaming officials in Massachusetts are moving forward with a data-gathering initiative that has been on hold for a long time. This project aims to tackle problem gambling. Massachusetts Gaming Commission: Progress on Key Responsible Gambling Project ‘Miraculous’ The project has run into many roadblocks from the start, like political issues and […]
Industry
October 4, 2024
Papaya Gaming Has 14 Days to Leave Michigan Because of Illegal Gambling
Papaya Gaming, a company operating from Tel Aviv, Israel, is now under regulatory attack in the United States. The Michigan Gaming Control Board (MGCB) has published a public statement in which it said that it had sent a cease-and-desist letter to the company. Papaya Gaming Stands Accused of Offering Illegal Gambling in Michigan The MGCB […]
Casino
October 4, 2024
New York Mandates Addiction Warnings on Gambling Ads
Governor Kathy Hochul has signed a new bill into law that imposes stricter regulations on gambling advertisements in New York. The legislation, S1550/A1118, requires that all advertisements for gambling and sports betting must include warnings of the addictive and harmful effects of gambling. This legislation now extends previous requirements that required gambling advertisements to display […]
